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Alibaba vs Visa: revenue, profit, margins and growth compared

Alibaba brought in $148.4B of revenue in fiscal 2026, Visa $40B in fiscal 2025. Revenue changed by +8.1% at Alibaba and +11.3% at Visa on the year before, so Visa grew faster. Alibaba kept 10.1% of its revenue as net profit, Visa 50.1%.

Side by side, latest fiscal year

BABAV
Fiscal year endedFY2026 (March 31, 2026)FY2025 (September 30, 2025)
Revenue$148.4B$40B
Revenue growth+8.1%+11.3%
Net income$15B$20.1B
Net margin10.1%50.1%
Free cash flown/a$21.6B
Free cash flow marginn/a53.9%
Earnings per share (diluted)$0.80n/a
Cash$19.1B$17.2B
Debtn/a$25.2B
Price to earningsn/an/a
Market value$256.1B$656.4B
Dividend yieldn/a0.16%
Rank by revenue in sector#5 of 955 · Consumer discretionary#25 of 955 · Consumer discretionary

Over the years

Revenue
BABA FY2019: $56.2BBABA FY2020: $72BBABA FY2021: $109.5BBABA FY2022: $134.6BBABA FY2023: $126.5BBABA FY2024: $130.4BBABA FY2025: $137.3BBABA FY2026: $148.4BV FY2018: $20.6BV FY2019: $23BV FY2020: $21.8BV FY2021: $24.1BV FY2022: $29.3BV FY2023: $32.7BV FY2024: $35.9BV FY2025: $40BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA $148.4BV $40B
Net income
BABA FY2019: $13.1BBABA FY2020: $21.1BBABA FY2021: $23BBABA FY2022: $9.8BBABA FY2023: $10.6BBABA FY2024: $11.1BBABA FY2025: $17.9BBABA FY2026: $15BV FY2018: $10.3BV FY2019: $12.1BV FY2020: $10.9BV FY2021: $12.3BV FY2022: $15BV FY2023: $17.3BV FY2024: $19.7BV FY2025: $20.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA $15BV $20.1B
Net margin
BABA FY2019: 23.3%BABA FY2020: 29.3%BABA FY2021: 21.0%BABA FY2022: 7.3%BABA FY2023: 8.4%BABA FY2024: 8.5%BABA FY2025: 13.1%BABA FY2026: 10.1%V FY2018: 50.0%V FY2019: 52.6%V FY2020: 49.7%V FY2021: 51.1%V FY2022: 51.0%V FY2023: 52.9%V FY2024: 55.0%V FY2025: 50.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BABA 10.1%V 50.1%
Revenue growth
BABA FY2020: +28.2%BABA FY2021: +52.1%BABA FY2022: +22.9%BABA FY2023: -6.0%BABA FY2024: +3.1%BABA FY2025: +5.3%BABA FY2026: +8.1%V FY2019: +11.5%V FY2020: -4.9%V FY2021: +10.3%V FY2022: +21.6%V FY2023: +11.4%V FY2024: +10.0%V FY2025: +11.3%FY19FY20FY21FY22FY23FY24FY25FY26
BABA +8.1%V +11.3%
Free cash flow
V FY2018: $12.2BV FY2019: $12BV FY2020: $9.7BV FY2021: $14.5BV FY2022: $17.9BV FY2023: $19.7BV FY2024: $18.7BV FY2025: $21.6BFY18FY19FY20FY21FY22FY23FY24FY25
BABAV $21.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alibaba and Visa

Which is bigger by revenue, Alibaba or Visa?

Alibaba is bigger by revenue: $148.4B in fiscal 2026, against $40B for Visa in fiscal 2025.

Which keeps more of its revenue as profit, Alibaba or Visa?

Alibaba had a net margin of 10.1% in fiscal 2026; Visa had 50.1% in fiscal 2025.

Which grew revenue faster, Alibaba or Visa?

In their latest fiscal years revenue changed by +8.1% at Alibaba and +11.3% at Visa.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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